Festicket named 80th fastest growing company in Europe by FT 1000
The FT 1000, which is now in its third year, is compiled with Statista, and lists the European companies that achieved the highest compound annual growth rate in revenue between 2014 and 2017.
Founded in 2012, Festicket partners with festivals to provide travel packages that combine tickets, accommodation, and transfers in one complete and hassle-free one-stop shop for festival-goers. The company has grown its gross revenue by over +480% since 2015, more than doubling it every year from 2012 up to 2018.
Festicket has had a busy start to 2019 already. After securing $10.5m in funding in November 2018 from investors such as Beringea, a new funding round of $4.6m was announced in early February from Edge Investments. Separately, the company plans to launch its first ever crowdfunding campaign to give investment opportunities to its committed community of festival fans.
Zack Sabban, CEO and co-founder and Festicket, comments: “It’s a great feeling to be recognised for our growth by the FT 1000. It just goes to show how much potential the festival industry has, as more and more people choose to spend their money and time on unforgettable experiences like festivals."
"Sales have been up 70% year-on-year and we just had a record-breaking month in February, breaking our all-time record with over €11m gross merchandise value in the shortest month of the year. We have huge plans in the pipeline for the rest of 2019 so watch this space!”
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ABOUT EVENT GENIUS BY FESTICKET
Festicket is the world's largest platform for discovering and booking festival trips. Founded in 2012 by Zack Sabban and Jonathan Younes, the company is backed by a range of investors including Beringea, Edge, Lepe Partners, ProFounders and InMotion Venture and in 2019 completed the acquisition of multi-award winning Leeds (UK) based ticketing and cashless POS platform Event Genius, and the related Ticket Arena consumer website and brand.
The new joint venture, Event Genius by Festicket, creates an end-to-end platform for organisers and fans alike, providing the most complete offering in the live entertainment industry. The platform brings together technology and expertise including POS and cashless payment services, ticketing, accommodation, travel & packages, marketing, data insights & analytics, access control, fan engagement tools and more to plug a gap in the market that no other organisation has addressed to date.
Together, the company works closely with over 4000 official festival and event partners including Coachella, Tomorrowland, BST Hyde Park, Ibiza Rocks, Motion Bristol and Wales Rally GB, serving a growing community of over 5 million customers.
Festicket was named in the FT (Financial Times) 1000 in 2019, is a Tech Nation Future Fifty member and also made Deloitte’s Technology Fast 50 list in 2019. Alongside its London HQ, Festicket has offices in Leeds, San Francisco, Amsterdam, Berlin, Porto and Nantes.